RIL fixes Oct 28 as record date for bonus issue (16-10-2024)
Shareholders who have RIL shares in their demat account before October 28, 2024 will be eligible for the bonus issue of shares.
Ugro Capital – Opportunity To Invest in a Fintech-like Company Below Book Value (16-10-2024)
Yes. Even I am surprised. Collection ratio and NPAs are the only missing pieces.
Demergers on the radar (16-10-2024)
“Can anyone explain how a demerger happens, including at what price the demerged company trades afterward and how the price is determined?”
Ahead of Market: 10 things that will decide stock action on Thursday (16-10-2024)
Indian indices declined for the second consecutive session on Wednesday, dragged by auto and IT stocks. Nifty 50 closed 0.34% lower at 24,971 points, and Sensex fell 0.39% to 81,501 points. Analysts predict a sideways trend with support at 24,900 and resistance at 25,200.
Sealmatic India Limited (16-10-2024)
Not sure if anyone has analyzed the reason behind the increase in inventory / inventory days.
Noticed that the inventory volume has increased over last 2 yrs significantly with accompanying increase in inventory days).
In both the last 2 ARs, the reason company has given is bunching of orders in the month of Feb/Mar.
2023 AR extract:
2024 AR extract:
Why would be so much on increase in inventory even though they combine orders in last 2 months and that too for every year? The inventories are almost ~50% of their annual sales and ~40% of the balance sheet.
Sebi mulls allowing Associations of Persons to open demat accounts (16-10-2024)
Markets regulator Sebi on Wednesday proposed allowing Associations of Persons (AOPs) to open demat accounts in their name to hold certain securities, excluding equity shares.
New policy surrender rules, intense competition likely to affect HDFC Life’s H2 performance (16-10-2024)
The stock of HDFC Life recovered partially on Wednesday, gaining 1.9% after sliding by nearly 4% the previous day following the insurer’s second quarter result announcement. The stock reported weakness despite the double digit growth in premiums and improving market share.